Assuming you meant “historical”, then these two years of data imply that ~5% of congress members beat the S&P500 per year, and not the same people every year… which seems statistically insignificant.
Thanks! This completly debunks the insider trade myth. You would expect a Gaussian distribution around the mean, which would be a market neutral index. And you get even a slightly to the left shifted Gaussian bell curve.
Assuming you meant “historical”, then these two years of data imply that ~5% of congress members beat the S&P500 per year, and not the same people every year… which seems statistically insignificant.
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Thanks! This completly debunks the insider trade myth. You would expect a Gaussian distribution around the mean, which would be a market neutral index. And you get even a slightly to the left shifted Gaussian bell curve.
Ah, well there you go then… 25ish people out of 535?
Again, it’d be worrying if the same people were consistently ahead of the market… but that would also be super obvious.
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